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DiKsa [7]
4 years ago
13

Licensee Ken has worked long hours with buyer client Patrick to negotiate an agreement to buy Jordan’s house. A day before closi

ng, Patrick tells Ken that he just lost his job, and he’s sure that the mortgage won’t close. However, he doesn’t want to abandon the deal yet, "just in case." What should Ken do?
Business
1 answer:
Varvara68 [4.7K]4 years ago
3 0

Answer:

Ken must disclose this information as it is a material fact.

Explanation:

A material fact is a fact that a reasonable person would recognize as germane to a decision to be made, as distinguished from an insignificant, trivial, or unimportant detail. In other words, it is a fact, the suppression of which would reasonably result in a different decision; meaning it would be the most significant information when someone is making a decision, in this instance, whether or not Patrick would buy Jordan’s house. Falsification of a material fact that would cause a party to a contract to refrain from entering into the contract may be grounds for rescission, meaning that Ken has an obligation to disclose this information.

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6.3) Annie Lennox recently took over a cleaning supply store. Her predecessor always ordered carpet shampoo in quantities of 100
nata0808 [166]

Answer:

Annie should increase the order size to 148 bottles per order and she will be able to save $91.85 per year.

Explanation:

we must calculate the economic order quantity (EOQ) in order to determine the size of the order that reduces costs:

EOQ = √[(2 x S x D) / H]

  • S = cost per order = $35
  • D = annual demand = 2,500 bottles of shampoo
  • H = holding cost per unit) = $8

EOQ = √[(2 x 35 x 2,500) / 8] = √(175,000 / 8) = √21,875 = 147.90 ≈ 148 bottles of shampoo

total cost when ordering 100 bottles = (25 orders x $35) + (100/2 x $8) = $875 + $400 = $1,275

total cost when ordering 148 bottles = (16.89 orders x $35) + (148/2 x $8) = $591.15 + $592 = $1,183.15

Annie will save $1,275 - $1,183.15 = $91.85 per year

7 0
3 years ago
For the just completed year, Hanna Company had net income of $101,500. Balances in the company's current asset and current liabi
Licemer1 [7]

Answer:

Hanna Company's Net cash flow from operating activities is $35,000

Explanation:

Net Income for the year                                                      $101,500    

Adjustment of Non Cash Expenses:  

Depreciation                                                                             $54,000  

Decrease in Prepaid Expenses                                             $1,500  

Decrease in Accrued Liabilities                                             $(3,000)

Increase in Tax Payable                                                     $9,000  

 

Operating profit before working capital changes              $163,000  

 

Working Capital Changes:  

Increase in Inventory                                                             $(102,000)

Decrease in Accounts Receivables                                     $18,000  

Decrease in Accounts Payable                                             $(44,000)

 

Net cash from operating activities                                     $35,000  

Please note that figures in brackets represent Cash Outflows (negative values)

5 0
3 years ago
Due to a mild winter, Florida experienced a bumper crop of oranges. This would best be represented by a(n) movement down the U.S
mamaluj [8]

Answer:

movement up the U.S. production possibility frontier.

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

The PPF is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.  

Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources

Points inside the production possibilities curve means that the nations resources are not being fully utilised

Factors that cause the PPF to shift  

1. changes in technology.  

2. changes in available resources.  

3. changes in the labour force.

Due to the winter, there would be a movement up along the PPF

7 0
3 years ago
The current average credit score in the USA is 687. In the past 5 years your average annual credit scores were 680, 665, 688, 69
xeze [42]

Answer:

549.8

Explanation:

you have to add the numbers and divide the total by the amount of numbers there are.

3 0
3 years ago
The organizations likely to benefit the most from the global reach of e-commerce are those that.
ElenaW [278]

The companies likely to advantage the most from the worldwide attain of e-commerce are those who more than one choice

*have already got physical shops, a website, and in-person and online clients worldwide.

*Perform in towns or other regions that accumulate an excessive income tax for or her items or services.

*promote products or services that can be delivered online, inclusive of ebooks or online instructions.

*previously trusted foot site visitors into one physical save to sell their products.

international attain refers to a commercial enterprise initiative to boom the get right of entry to between an agency and their modern and ability customers thru using the internet. The internet allows the corporation to market themselves and entice new clients to their website where they are able to offer product records and higher customer service.

clients can vicinity orders electronically, consequently reducing luxurious long remote cellphone calls and postage prices of placing orders, even saving time on behalf of the purchaser and employer.

A business enterprise striving to achieve international attain ought to offer a code of ethics, an agency shopping policy, extra contact facts, ok product facts, and charges. The website itself has to be multi-lingual, the customer is easy to use and has the capability to secure information.

worldwide e-commerce is the system of promoting products or services online throughout geopolitical borders to customers in foreign nations. compared to local e-commerce, wherein a store most effectively sells within its united states of starting place, international eCommerce lets traders expand into non-native markets and reach new clients.

Learn more about e-commerce here:brainly.com/question/23369154

#SPJ4

3 0
1 year ago
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